Market Overview for Curve (CRVUSDT): August 25, 2025

Summary
• Curve opened at $0.8953, surged to $0.9382 before a sharp correction, and closed near $0.8333 at 12:00 ET.
• The 24-hour trading volume was ~29.6 million CRVUSDT, with notional turnover of ~$26.8 million.
• A large bearish engulfing pattern formed near the intraday high, suggesting a key top may be in place.
• RSI hit overbought levels early in the session, but now shows oversold conditions near the close.
• Volatility spiked during the mid-session sell-off, with Bollinger Bands widening significantly.

Market Overview

Curve (CRVUSDT) opened at $0.8953 on August 24 at 12:00 ET and closed at $0.8333 one day later. The pair surged to a high of $0.9382 around 19:15 ET but experienced a sharp bearish reversal, dropping to a 24-hour low of $0.8230. Total volume across the 24-hour period was approximately 29.6 million CRV tokens, with a notional turnover of $26.8 million in USDT.

Structure & Formations

The 15-minute chart shows a clear bearish engulfing pattern forming near the $0.9382 peak, signaling a potential top. The price subsequently broke below the $0.90 psychological level and tested support at $0.8670 and later $0.83. A bearish flag pattern is emerging between $0.87 and $0.8350, suggesting further downside may be in play.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both in a bearish alignment, with price well below both. On the daily chart, CRVUSDT appears to be breaking below the 50-period MA, with a possible test of the 200-period MA around $0.81.

MACD & RSI

The MACD turned negative mid-session and has remained bearish, with a deepening bearish histogram. The RSI dipped below 30 in the final hours of the session, suggesting oversold conditions. However, with volume declining, a bounce may lack conviction unless accompanied by a strong reversal candle.

Bollinger Bands

Volatility spiked after the mid-day peak, with bands expanding dramatically. Price has since fallen well below the lower band multiple times, particularly in the late ET hours, signaling a high degree of bearish momentum.

Volume & Turnover

Volume surged during the sell-off, with the 19:45–20:00 ET 15-minute candle alone accounting for nearly 4.2 million CRV in volume. Notional turnover confirmed the bearish shift, with the largest single 15-minute turnover of $3.8 million observed at the peak of the correction.

Fibonacci Retracements

The 50% Fibonacci retracement level from the August 24 high of $0.9382 to the low of $0.8230 is at $0.88. Price has tested this level multiple times in the past 24 hours. The 61.8% level is around $0.86, which now acts as a key short-term support.

Forward-Looking View
With CRVUSDT near the $0.83 level and showing signs of exhaustion, a short-term bounce into the $0.86–$0.87 zone is possible. However, a break below $0.82 could accelerate the move toward the $0.81 200-period MA. Investors should monitor volume for confirmation of any short-covering or bearish continuation. Risk remains on the downside for the next 24 hours.